HDFC BANK Analysis - Continuous, Just as the Markets !

Atualizado
This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.

* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand

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1-16-2024
GREEN TrapZone with GREEN UMVD. UP swing, price may come back into the Green TrapZone
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1 second Renko setting
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Hourly Chart
BIG GREEN TrapZone with RED UMVD at the moment.
Price is at a Class A entry but RED UMVD. so It could be a BULL Trap. But keep an eye on the UMVD for this timeframe.
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Daily for reference,
RED TrapZone & GREEN BARS+UMVD
Conflicting signals so not expecting any home runs. Small size is the key !
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Intraday - Its all RED.
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Divergence building up after a little guying under a RED TrapZone. If we get RED again, we may see lower prices.
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Divergence building up. Lets see if a BULL Trap shows up ?
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RED TrapZone = Strong DownTrend. Little GREEN UMVD at the moment for little buying pressure.
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GREEN UMVD pushed the prices higher, expecting a retrace and then a BULL TRAP soon.
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RED TrapZone with RED UMVD started again
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Hourly Check In - Prices going down fast with RED UMVD and RED TrapZone.
Prices bouncing around a KEY Level at the moment.
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Latest Intraday
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Side By Side Analysis - Buyers are Trapped and RED TrapZone started again on the short term Renko. If the TrapZone grows bigger WITH RED UMVD we may see another leg down.
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Hope the Class A entry was a Breeze to take !
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Retracing back to the Lower edge of a RED TrapZone.
Keep an eye on the UMVD for and BAR Colors
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RED UMVD pulling the prices down now.
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Hourly Technical Analysis Check In
Up Trend is definitely broken with Angle 1 breached. Angle 2 of the down trend is established now. watch for a retrace back to that angle 2 and back of that UP angle 1.
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